The show kicks off in Riyadh tomorrow. The Big 5 Exhibition presents 1000 construction products and solutions from 30 countries

13 Big Five Gallery

Reading time: < 1 MinuteWith the participation of more than 400 specialized companies, the 10th edition of The Big 5 Saudi 2022 will take place at the Riyadh International Convention and Exhibition Center from March 28 to 31.  The event will attract more than 15,000 industry professionals and showcase 1,000 construction products and solutions from 30 countries, including pavilions … Read more

Real Estate Fund deposits more than 839 million riyals for March

Real estate fund

Reading time: < 1 MinuteThe Real Estate Development Fund announced today that it has deposited more than 839 million riyals into the accounts of citizens who are beneficiaries of the “Sakani” program for March 2022, as part of the Fund’s ongoing efforts to support first-home mortgages for Saudi families.Mansour bin Madi, the Fund’s CEO, explained that the total amount was allocated to support payments on subsidized mortgage contracts, noting at the same time that the total amount … Read more

Property Articles... M. Naif bin Abdul Jalil Bastaki writes: 6 steps to market real estate products (3-3)

M. Naif Bastaki

Reading time: < 1 MinuteIn the previous article, we discussed the importance of consistently sending business messages to the target audience of customers on a monthly basis, depending on the type of business. Leading companies also rely heavily on social media platforms to implement this step. By creating general headlines on the topic and linking them to the main content on the company’s website, they can foster customer loyalty and a sense of belonging… Read more

Manasat Real Estate puts 26 properties in Riyadh up for auction today

Real Estate Platforms Auction Photo

Reading time: < 1 MinuteMansat Real Estate has completed preparations to offer more than 26 properties owned by “Al-Rajhi Real Estate,” a subsidiary of Abdullah bin Abdulaziz Al-Rajhi & Sons Holding Company, at a public auction to be held at 4:00 p.m. today, Saturday, March 26, 2022, at the Riyadh Sheraton Hotel. The properties up for auction represent a high market value and include a number of distinctive properties, which are considered … Read more

Amlak Articles... Dr. Abdullah Al-Khurmani The Digital Economy: Where is it taking us? (3-3)

Dr. Abdullah Al-Khurmani - Neom City

Reading time: 2 MinutesThere are many factors that play an important role in the development of the digital economy in Saudi Arabia. For example, when global internet connectivity is available to everyone at an affordable cost, it will help drive the digital economy forward. In addition to working to expand digital infrastructure, providing digital devices and services that facilitate seamless and low-cost internet access, and ensuring the widespread adoption of … Read more

Ministry of Municipality and Housing calls on owners to expedite the issuance of fencing licenses

Fencing off vacant land

Reading time: < 1 MinuteThe Ministry of Municipal, Rural, and Housing Affairs has called on owners of vacant land to promptly obtain a fencing permit through the “Baladi” platform, in accordance with the forms, standards, and regulations approved by the Ministry, before compliance monitoring begins in early July 2022.The initiative aims to regulate vacant lots located on commercial streets, harmonize their appearance with surrounding buildings, reduce the accumulation of waste on these lots, and protect them from … Read more

A recent report reveals that 32,621 hotel rooms are under construction in the Kingdom

Hotel rooms

Reading time: < 1 MinuteA recent report revealed that 32,621 hotel rooms are currently under construction in Saudi Arabia as the Kingdom prepares to meet the demand from pilgrims returning to Mecca and Medina, according to research conducted by “STR,” a firm specializing in hotel research and consulting, on the occasion of the Arabian Travel Market 2022, which will be held at the Dubai World Trade Center from … Read more

Minister of Justice Orders the Transfer and Vacating of Properties to Notary Offices Following Final Judgments

Minister of Justice Engineering Offices - Commercial Courts - Emptying - Real Estate - Notarization

Reading time: < 1 MinuteThe Ministry of Justice issued a circular in which the Minister of Justice, Dr. Walid Muhammad Al-Samaani, stated that the court’s role in judgments ordering the transfer of real property ownership ends with the issuance of the judgment; provided that the transfer of title and ownership be carried out through a notary public; based on a request submitted by the beneficiary to the notary public for the transfer of ownership, in accordance with the court’s judgment, without the need for the parties to be present. The circular confirmed that the role of the departments … Read more

Property Articles... Counselor Matar Al-Shammari writes: Advice ... Don't exaggerate and raise the value of the mortgage

Rain-Shammari

Reading time: < 1 MinuteMy advice is that if you want to buy a property, don’t overdo it and inflate the mortgage amount, because that entails obligations you’ll have to pay, and these obligations increase as the loan amount increases: 1. The buyer pays a down payment of 10% of the property’s value, and the bank covers 90% of the property’s value. 2. The buyer pays an additional 5% if the property’s value exceeds one million riyals. 3- The buyer pays the brokerage fee… Read more

Articles of property... Architect Hisham Alqasem writes: Artificial Intelligence in Real Estate

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Reading time: < 1 MinuteA significant number of real estate companies and agents are now well aware of the enormous potential of artificial intelligence. So, what are the key benefits of applying AI in real estate? And what are the most prominent real estate applications of AI? That’s what we’ll seek to answer here. What are the main benefits of applying AI in real estate? Here’s a quick overview of the main benefits… Read more